Thursday, March 15, 2012

Review questions for Chapter 17.

1) Frame the debate over the value and harm caused by large multinational corporations. Must include the following terms: Capitalism, mixed economy, multinational, SEC, minimum wage, union, collective bargaining. WTO, L1-B visa

2) Summarize the GENERAL distinctions between the two parties with regard to the economy. Must include following terms in discussion: Unemployment, inflation, consumer price index, laissez-faire.

3) propose a hypothetical plan to modify the economy. Relevant terms are : Laissez-faire, monetarism/monetary policy, federal reserve, fiscal policy, keynesian, supply side economics, Laffer curve.

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